Globe International’s Losses Increased in FY 2013
Globe International Limited reported a net loss of $6.0 million for the financial year ended June 3O, 2013, due primarily to restructuring and other one-off costs. Sales rose 2 percent to $86 million as 10 percent growth in sales of the Globe brand and a
Foot Locker Inc. Maintains Full Year Guidance
Foot Locker, Inc. reported net income rose 11.9 percent in its second quarter ended Aug. 3, to $66 million, or 44 cents per share, compared with net income of $59 million, or 39 cents, last year. Comparable-store sales increased 1.8 percent. Excluding cos
Billabong Board Considering New Refinancing Bid
The drama continued at Billabong International Limited Friday when its board of directors confirmed it is considering a new debt refinancing proposal from Oaktree Capital Management and Centerbridge Partners. The two U.S. hedge funds persuaded Australian
REI, Cabela’s and Dick’s SG Earn High Marks for Online Stores
According to StellaService's rankings of the performance of online retailers based on their customer service levels for July, REI, Cabela's and Dick's Sporting Goods earned the top grades in the sporting goods/outdoor channel…
Foot Locker Navigates Q2’s Choppy Waters
Like its competitors, Foot Locker Inc. saw a slowdown in second quarter revenues and reported earnings that slightly missed Wall Street’s targets. But unlike the others, Foot Locker maintained its full-year outlook, expecting to achieve mid-single d
Hibbett Beats Street, Cuts Outlook
Hibbett Sports, Inc. reported net income increased 33.5 percent in the second quarter and came in slightly ahead of Wall Street’s consensus target. But citing the “ongoing uncertainties in the economic environment,” the company revised i
Spyder Finds Growth Partner
With a new owner and mega-sourcing partner, Spyder is set to jumpstart its growth. The buyer, Authentic Brands Group, LLC, has big plans to expand Spyder’s sportswear offerings while entering the footwear category.
Nike to Open Third Yardline store in Tampa
Nike will open its third Nike Yardline store, in partnership with Champ Sports, in Tampa, FL, the Tampa Tribune reported…
Skullcandy Secures $50 Million Credit Line
In a filing with the Securities & Exchange Commission, Skullcandy Inc. said it entered into a credit agreement and revolving line of credit note with Wells Fargo Bank, National Association, which provides a line of credit of up to $50 million…
Nike Releases Homage to Just Do It
Narrated by actor Bradley Cooper, Nike unveiled its new campaign, “Possibilities,” an homage to the 25th anniversary of ‘Just Do It.” The film begins with the line, “If you can run a mile, run a race, run a marathon, outrun a movie
Under Armour to Sponsor University of Minnesota
Under Armour has signed on to supply uniforms, footwear and other athletic apparel for the University of Minnesota Duluth's sports team under a new five-year partnership…
Ross Stores Q2 Net Grows 17 Percent
Ross Stores, Inc. reported earnings for the 2013 second quarter grew 17 percent to $213.1 million, up from $182.0 million in the prior year…
Dick’s Sporting Goods and ESPN Introduce “Hell Week”
Dick's Sporting Goods and ESPN introduced Hell Week, an original documentary chronicling the Station Camp High School football team as they endure a preseason overnight training camp deep in the Tennessee mountains. The documentary debuts Thursday, A
Braven LLC Acquired by Incipio Technologies
Braven LLC, a Provo, UT startup that makes ruggedized portable Bluetooth speakers for outdoor adventurers, has been acquired by Incipio Technologies Inc., an Irvine, CA-based designer and manufacturer of mobile device accessories…
Chaco Raises Over $7,000 for Conservation Alliance
Chaco successfully hosted its fourth annual flip sale to benefit the Conservation Alliance at the Outdoor Retailer Summer Market tradeshow this month. Chaco raised over $7,000…
